This chemical is primarily utilized in the field of organic electronics and photonics due to its unique optical properties. It serves as a key component in the development of advanced materials for organic light-emitting diodes (OLEDs), where it enhances efficiency and color purity. Additionally, it is employed in the synthesis of fluorescent dyes and sensors, particularly for biological imaging, due to its strong fluorescence and stability under various conditions. Its application also extends to photovoltaic devices, where it contributes to improving light absorption and energy conversion efficiency.